Errol Tech and others

[Oliver88]

Lumber futures says everything is roses in the USA. My old mentor played in them considerably and his rule of thumb was it was great indicator of the mood of the nation. When in doubt, see if people want to build houses, it's an excellent indicator of what the people on the ground are thinking. Outside reversal up on weekly and monthly.

Lumber company stock prices are all higher this morning due to reports in USA.

BNN was discussing this.

[macdon02]

Lumber company stock prices are all higher this morning due to reports in USA.

BNN was discussing this.

Don't listen to BNN. They never say sell. They come up with reasons to stay in halfway through the carnage. It's paid advertising moreso then informational. Look at their promotion of pot stocks for example. McCreath is decent and in my eyes the exception

[errolanderson]

Expect stock market volatility to pick-it-up as market now torn between global slowdown and a massive central bank liquidity injection. Gold has been the casualty this week . . . now breaking its uptrend.

Tesla stock all over the map with little reasoning . . . Soars, than tumbles nearly 20 percent today. Dow soars to record highs, NASDAQ struggles to hold head above water.

Soybeans trying to draft behind equity gains, but Brazil Real currency now at record lows. China demand for U.S. product remains muted. Canola recovers on soyoil gains tied to the India / Malaysia dispute impacting veg oil purchases.

Markets difficult to call as new factors can appear in overnight markets. But commodities will likely remain under pressure as the debt game has killed off growth potential. Central bankers remain in the ‘Land of Oz’ believing they can create inflation via money printing, but ain’t working on incredible debt loads. Rates heading lower this year as deflation remains a major threat. Stock markets running higher on this reality and juice, but clock now appears well past midnight on this one.